February 9th, 2016 | More in Home Buying

Yes! You Can Afford to Own Your Own Home and Stop Renting

Why rent when you can own?For many who think that the advantages of home ownership are out of reach, the Price Buster* 4 bedroom 2 bath homes are an affordable option to renting.

The ups and downs of the economy and jobs over the last five to ten years have many people renting apartments or rental housing who would prefer to own their own home. As apartment demand has increased, rent prices also continue to climb. This puts more pressure on many already struggling to keep costs in line with their paychecks. At the same time, existing home prices have been climbing steeply and now it looks as though mortgage interest rates are going to begin moving higher soon also.

The Rent Trap

If inflated housing prices have you feeling trapped on the treadmill of paying the mortgage for your landlord, manufactured homes can provide an affordable solution that you may not have considered before.  For example, Palm Harbor Homes has just partnered with CSL to provide the Rent Buster special offer homes starting from just $435* a month for a limited time.

The Rent Buster Escape

These new Rent Buster special homes are perfect for families as they are both 4 bedroom, 2 bath homes. A 3 bedroom 2 bath home is also available. The Rent Buster 32564V is a 1,680 square foot home with four bedrooms and two baths.  The Rent Buster 32624V is a bit larger with 1,860 square feet and also has 4 bedrooms and 2 baths.  Starting from just $435* a month, these affordable monthly payments are less than most renters are paying now.  To find out more about this limited time offer, visit your local Palm Harbor model center and ask about the Rent Buster specials and other affordable options for home ownership.

*Offer valid only at participating Palm Harbor company-owned stores. The advertised terms assume a qualifying FICO® score of at least 650 with a minimum 10% down payment on Fleetwood Model 32563V Manufactured Home or Fleetwood Model 32624V Manufactured Home. Loan terms include seller-paid buy down points of between 2% and 3% of the amount financed on Fleetwood Model 32563V Manufactured Home or Fleetwood Model 32624V Manufactured Home. The percentage of seller-paid buy down points depends on borrower’s credit profile (including, without limitation borrower’s FICO® score). The seller-paid buy down points reduce the interest rate to a fixed Annual Percentage Rate of 6.99% throughout the term of the loan. Any fixed payment amount shown applies throughout the term of the loan, but does not include additional amounts for applicable taxes and insurance premiums, which vary by location. This is an advertisement for a promotional loan product with limited availability, which may not be available in all areas, and which is subject to underwriting approval by CSL Financial, LLC. Information, data, or terms are subject to change without notice. Copyright ©2016 CSL Financial, LLC., NMLS 959454, Equal Housing Lender, P.O. Box 661527, Birmingham, Alabama 35266.
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The opinions expressed by the article do not necessarily reflect the opinions of Palm Harbor Homes.

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